BTS Group AB (publ)

Henrik Ekelund, President & CEOBTS Group AB (publ)

First Quarter, 2006Result

© BTS Group AB (publ) February 15, 2006

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© BTS Group AB (publ) 26 april, 2006

Jan – Mar, 2006

• Net revenue for Jan – Mar was up 35 per cent to MSEK 78.0 (57.9), adjusted for exchange rate differences growth was 24 per cent

• EBIT increased with 24 percent to MSEK 12.5 (10.1)

• The operating margin was 16.0 (17.0) per cent

• The result before tax increased with 10 per cent to MSEK 12.8 (11.7)

• Result after tax increased with 9 per cent to MSEK 8.3 (7.6)

• Earnings per share increased with 10 per cent during the period to SEK 1.41 (1.28)

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© BTS Group AB (publ) 26 april, 2006

Important Events Q1 – 2006

• New clients included:Anglo American PLC

Coach

Sanitas

Spainsoft

• BTS received major orders from existing customers Cingular and Nokia

• A new BTS office was opened in Brussels, Belgium

Exempel på kunder:

4

© BTS Group AB (publ) 26 april, 2006

OverviewBTS Market

5

© BTS Group AB (publ) 26 april, 2006

The Market

• General economy: we are in the second half of a positive, global business cycle

• Corporate training is a growth industry

• Business Simulation is a growth sector within corporate training

• Over time companies will continue to invest more in training

• 7-8% estimated growth per year until 2009*

• Demand for corporate training will be more tied to strategic business issues

* Source IDC

Sample customers

6

© BTS Group AB (publ) 26 april, 2006

The Market

• Companies will use simulations more often and for more purposes of business skills training

• There are many untapped markets for simulations

Geographies

Industries

Solutions

• The market is very fragmented with many small suppliers

• BTS has strengthened its client base, market position and sales resources

Sample customers

7

© BTS Group AB (publ) 26 april, 2006

BTS Overview

• 154 employees, 22 nationalities • 25 training programs each week, worldwide • Total > 500 000 participants in 53 countries in 12 different languages

Sample customers

8

© BTS Group AB (publ) 26 april, 2006

Some of BTS most important clients

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© BTS Group AB (publ) 26 april, 2006

The USD 11 Billon US Corporate Training Market

The US Corporate Training Market

Training CompaniesTraining Companies

In-house TrainingCompanies

In-house TrainingCompanies

Business SchoolsBusiness SchoolsManagement Consultants Management Consultants

E-Learning companiesE-Learning companies

Business Simulation Specialists

Business Simulation Specialists

Sample customers

10

© BTS Group AB (publ) 26 april, 2006

BTS Competence

Training Company

Technology based training

Management consultants

BTS offering combines different competencies

Sample customers

11

© BTS Group AB (publ) 26 april, 2006

BTS Revenue Development 1987 – 2005

*

0

50

100

150

200

250

1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

MSE

K

286.1

2005

Sample customers

12

© BTS Group AB (publ) 26 april, 2006

BTS EBIT 1987-2005

0

5

10

15

20

25

30

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

MSE

K

2005

Sample customers

Jan -Mar

12.5 MSEK

2006

13

© BTS Group AB (publ) 26 april, 2006

Quarterly Revenue Development

37,2

51,457,9

78,0

41,2

56,7

79,6

38,446,0

68,3

45,451,9

80,3

0

10

20

30

40

50

60

70

80

90

Q1 200

320

0420

0520

06Q2 2

003

2004

2005

Q3 200

320

0420

05Q4 2

003

2004

2005

MSE

K

Sample customers

14

© BTS Group AB (publ) 26 april, 2006

Growth Strategy

• Organic Growth is our primary strategy– Expanding existing offices– Geographical expansion– Continuous product development

• Utilize the growth potential with existing customer base

• Increase revenue generating capacity within our own organization

• Growth through acquisition is getting more interesting– Fragmented market creates opportunities to do profitable acquisitions

– BTS is a financially strong company

– Good experience from previous acquisitions

Exempel på kunder:

15

© BTS Group AB (publ) 26 april, 2006

BTS Sales Strategy

Business Unit to implement new strategy

Subsidiary to implement strategy

Majority of all employees to understand new strategy

Pilot project top management (25 – 50 people)

Sample customers

16

© BTS Group AB (publ) 26 april, 2006

Resultat Q1, 2006

17

© BTS Group AB (publ) 26 april, 2006

Jan – Mar, 2006

2005Jan- Mar

2006Jan- Mar Change

Net Revenue 78.0 57.9 +35 %(MSEK)

EBIT (MSEK) 12.5 10.1 +24 %

Pre Tax Profit 12.8 11.7 +10 %(MSEK)

Net Profit 8.3 7.6 +9 %(MSEK)

Profit per share 1.41 1.28 +10 %(SEK)

EBIT Margin 16 % 17 %

Sample customers

18

© BTS Group AB (publ) 26 april, 2006

Revenue per Business Unit – Q1, 2006

Total 78.0 57.9 306.2 286.1

BTS North America 48.3 35.8 188.7 176.2

BTS Europe 25.6 18.3 95.9 88.6

BTS Other Markets 4.1 3.8 21.6 21.3

Total 78.0 57.9 306.2 286.1

BTS North America 48.3 35.8 188.7 176.2

BTS Europe 25.6 18.3 95.9 88.6

BTS Other Markets 4.1 3.8 21.6 21.3

2006Jan- Mar

2005Jan- Mar

2005/2006 R12 month Revenue

2005 Full Year

(MSEK)

Sample customers

19

© BTS Group AB (publ) 26 april, 2006

EBIT per Business Unit – Q1, 2006

BTS North America 7.8 6.1 28.9 27.2

BTS Europe 4.9 3.6 19.2 17.9

BTS Other Markets -0.2 0.4 3.0 3.6

BTS North America 7.8 6.1 28.9 27.2

BTS Europe 4.9 3.6 19.2 17.9

BTS Other Markets -0.2 0.4 3.0 3.6

2006Jan- Mar

2005Jan- Mar

2005/2006 R12 month EBIT

2005 Full Year

(MSEK)

Sample customers

20

© BTS Group AB (publ) 26 april, 2006

Outlook for 2006

Based on continued strong market conditions for BTS, the result before tax

is expected to be better than in the previous year

Sample customers

21

© BTS Group AB (publ) 26 april, 2006

For further information please contact:

Thomas AhlerupSenior Vice PresidentCorporate CommunicationBTS Group AB (publ)+46-768-966 300

thomas.ahlerup@bts.com

www.bts.com

BTS Group AB (publ) is a public company, traded at the O-list on the Stockholm Stock Exchange under the symbol BTS B